pumpinggasNorth Dakota, ND, April 25, 2016  (CSi)  – Average retail gasoline prices in North Dakota have risen 2.0 cents per gallon in the past week, averaging $2.03/g yesterday, according to GasBuddy’s daily survey of 493 gas outlets in North Dakota. This compares with the national average that has increased 2.4 cents per gallon in the last week to $2.14/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in North Dakota during the past week, prices yesterday were 36.2 cents per gallon lower than the same day one year ago and are 5.8 cents per gallon higher than a month ago. The national average has increased 10.7 cents per gallon during the last month and stands 38.8 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on April 25 in North Dakota have ranged widely over the last five years:
$2.39/g in 2015, $3.57/g in 2014, $3.59/g in 2013, $3.79/g in 2012 and $3.82/g in 2011.

Areas nearby North Dakota and their current gas price climate:
 Sioux Falls- $2.01/g, down 4.0 cents per gallon from last week’s $2.05/g.
 Fargo- $1.89/g, up 0.9 cents per gallon from last week’s $1.89/g.
 South Dakota- $2.09/g, up 2.4 cents per gallon from last week’s $2.06/g.

“The oil markets this past week shrugged off OPEC’s inability to reach an agreement for production freezes at the highly-touted meeting in Doha, Qatar.  West Texas Intermediate crude futures responded to a brighter demand picture that perked prices up to $43.73 per barrel for Friday’s close.  Leading the demand surge has been gasoline, where the Energy Information Administration (EIA) shows year-to-date demand to be up 3.4% from last year and up 7.4% from 2014 according to their ‘product supplied’ demand indicator,” said Will Speer, a Houston-based senior petroleum analyst for GasBuddy. 

“Unsurprisingly, this has impacted retail gasoline prices, causing 43 of the 50 states to raise prices from a week ago.  Low prices have ignited the early demand surge this year, and the surge is expected to continue into the summer, where demand hits its peak for the year,” Speer added.

 
For LIVE fuel price averages, visit http://media.gasbuddy.com.

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GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.